ARTICLES ABOUT FIREWALL BY DATE - PAGE 2

NEW DELHI: Taking cues from the recent global financial woes, the Economic Survey today suggested the creation of a firewall to prevent the spread of crisis from one financial sector to the other. "Inter-linkages between the insurance and banking sectors are a matter of concern, with many insurance companies being part of financial conglomerates," said Economic Survey 2011-12 tabled in Parliament today by Finance Minister Pranab Mukherjee . Also Check: Budget at ET: Budget 2012 | Union Budget | Railway Budget 2012 | Budget News | Economic Survey 2012 Live "Efforts therefore have to be made towards building firewalls to prevent contagion from one sector to another, especially in times of stress," it said, adding that any financial stability issue regarding banks in the conglomerate may have an amplifying effect on the insurer.

Washington: US Secretary of State Hillary Clinton has expressed concern over diversion of American aid money by Pakistan for other purposes, even as the United States has tried to build a firewall in this regard. "Well, we certainly have constructed one," Clinton told lawmakers at a Congressional hearing yesterday when Senator Jim Webb asked if the US has developed a firewall in the financial aid going into Pakistan, so that they do not directly or indirectly assist in expansion of their nuclear programme.

MEXICO CITY: European leaders shift their focus this week to bolstering the euro region's debt-crisis firewall after the Group of 20 (G-20) nations rebuffed their call for help. The decision by G-20 finance ministers to fend off pleas for assistance pending an increase in the euro-area backstop puts the onus on Germany, the biggest national contributor to bailouts, to overcome its resistance to doing more. With a parliamentary vote on a second Greek aid package looming in Berlin on Monday, German Chancellor Angela Merkel's government must now decide whether to back plans at a March 1-2 European Union summit to combine rescue funds and produce a potential firewall of 750 billion ($1 trillion)

MEXICO CITY: The US, Chinese and Japanese officials say they will press euro zone countries to do more to merit outside help when the world's largest economies gather on Saturday for a meeting dominated by Europe's sovereign-debt woes just days after Greece secured a second bailout. European officials will push other Group of 20 nations to commit fresh cash to the International Monetary Fund to help solve the region's fiscal crisis, while the Obama administration says Europe now must first strengthen its firewall to prevent debts of countries such as Italy and Portugal from becoming unsustainable.

Jim Awad , MD, Zephyr Management , in a chat with ET Now , gives his views on the global economic outlook. ET Now: What do you make of the US economic data? US economy is now growing at about 2.8%, unemployment rate is at 8.3% and the consumer confidence index has also shot up. Given the way how US economy has exhibited strength and momentum, do you think they should not bet on QE3? Jim Awad: Yes, the US economic data has been uniformly better than expected.

DAVOS: International Monetary Fund Managing Director Christine Lagarde said no economy is "immune" from the European sovereign debt crisis. "It's a crisis that could have spillover effects around the world," she said on Saturday at the World Economic Forum in Davos , Switzerland. Lagarde said governments should also boost their bailout funds. "It is critical that the euro-zone members actually develop a clear, simple firewall that can limit the contagion," she said.

NEW DELHI: A Navi Mumbai disc jockey was baffled and shocked when police came to his house on Tuesday night asking him about an Indian Mujahideen e-mail claiming responsibility for Varanasi blast. The e-mail was sent by Akhil Talreja's unsecured WiFi connection, minutes after the blast. Later, it was found that his connection, which did not require a password, was hacked into by IM terrorists and used for the purpose. Akhil and his brother Nikhil were detained and questioned for hours.

BEIJING: Links to the WikiLeaks website were blocked within China on Wednesday amid potentially embarrassing claims made in leaked US diplomatic cables posted to the site. Attempts to access wikileaks.org and cablegate.wikileaks.org were met with a notice saying the connection had been reset. That's the standard response when a website is being blocked by Chinese authorities who exert rigid controls over Internet content. It wasn't clear when the blocks were imposed, although a vast swath of the Internet is inaccessible behind China's firewall , including social networking sites such as Facebook , Twitter and YouTube.

HONG KONG: Amazon's Kindle 3G e-reader is being snapped up on China's grey market as it has an extra special advantage for customers -- it automatically leaps the so-called " Great Firewall " of state web censorship . Sites such as Facebook and Twitter, which are blocked by the Beijing authorities, can be accessed without interference by the Kindle's Internet browsing function, the South China Morning Post reported Monday....

BEIJING: The controversy over curbs imposed by Beijing on Google that prompted it to quit the country, has surfaced again with a European Commission official saying that China's Internet "firewall" that is used to block online content constitutes a "trade barrier" under the WTO rules. China's Internet "firewall" is a trade barrier and needs to be tackled within the framework of World Trade Organisation (WTO), European Commission vice-president and head of EU's digital agenda Neelie Kroes said in Shanghai today.